Hubtown Limited , a prominent real estate company, has seen a significant change in its promoter shareholding structure as multiple promoters released their pledged shares. This corporate action has led to notable shifts in the ownership percentages of key stakeholders.

Promoter Shareholding Changes

The release of pledged shares has resulted in substantial changes to the promoters' holdings:

Other promoters who released portions of their pledged holdings include:

• Hemant M. Shah
• Mahipatray V. Shah HUF
• Vyomesh M. Shah HUF

Details of the Share Release

• The released shares were previously encumbered in favor of Ashika Credit Capital Limited.
• The shares were pledged as collateral security for loans availed by the company.
• The disclosure was filed with BSE and NSE by Kunjal H. Shah, in compliance with SEBI takeover regulations.

This corporate action represents a significant shift in Hubtown's shareholding pattern, potentially impacting its financial structure and stakeholder dynamics. Investors and market watchers may want to monitor any further developments or disclosures from the company regarding this change in promoter holdings.

Hubtown Limited 's associate has achieved a significant milestone in its 25 Downtown project located in Mahalaxmi, Mumbai. The Real Estate Regulatory Authority (RERA) has granted approval for Tower 4 of the project, marking a step forward in the development's progress. This development comes as Hubtown Limited outlines an expansion strategy through a recent investor presentation.

Project Overview

The 25 Downtown project now boasts four RERA-registered towers:

This latest approval for Tower 4 completes the RERA registration process for all four towers of the project.

Significance of RERA Approval

RERA approval is a crucial step in real estate development in India. It ensures that the project adheres to regulatory standards, providing a level of assurance to potential buyers and investors. The registration of all four towers under RERA may enhance the project's credibility and transparency in the real estate market.

Location

The 25 Downtown project is located in Mahalaxmi, Mumbai, an area known for its upscale residential and commercial developments.

Hubtown's Expansion Strategy

In a recent investor presentation, Hubtown Limited outlined its expansion plans, which include:

1. Merger Plans: The company announced mergers of three promoter group entities - 25 West Realty Private Limited, Twenty Five South Realty Limited, and Twenty Five Downtown Realty Limited. These mergers are expected to add 4.5 million square feet of developable area with a combined development value of approximately INR 400+ billion.

2. Debt Reduction: Hubtown has reduced its debt by 69% from INR 34.47 billion in 2017 to INR 10.76 billion as of September 2025.

3. Project Portfolio: The company operates across residential, commercial, and infrastructure segments with 47 completed projects and multiple ongoing developments including 25 South Prabhadevi (90%+ sold), 25 West Bandra, and Hubtown Seasons Chembur.

4. Post-Merger Outlook: After the completion of the mergers, which are awaiting regulatory approvals and expected to finalize within 12 months, the combined entity is projected to have real estate holdings of 31.7 million square feet across 18 projects under development, with a total development value of approximately INR 1,250 billion.

The RERA approval for the fourth tower of the 25 Downtown project, along with Hubtown's expansion strategy, indicates ongoing progress in the company's project portfolio.